focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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There was 10 in the bed and the little one said rollover rollover LOL!! I'm still new to this FKN game after 24 years you still cannot get it right, I may as well load up and stick to 1 stock and wait for it to turn
Nice. Recom. There you are, a 1 man operation SHOVELLING the ore into the processor @piles of ore feed. Also, the PULLEY system is the same as the one in Zim. In fact, the Zim one seems more powerful or the wheel bigger. To me, these are not the type the Gold Rush uses and no wonder as this has to cost much more. In the Gold Rush operation, they use an excavator [big] and not hand shovelling. So, in fact, CHEAP to set up cos its old machinery for the Zim example and the one at Cave, also in Zim.
Https://twitter.com/KavangoRes/status/1774836118724235557?t=G2zs4Pt90GCX1O8wfjPMdQ&s=19
This vid shows the same type of operation.
DYOR
Another try at $2,400 coming up.
Aiminvestor i get it''they would much prefer lots of moaning about the CEO from people sucked in from the IPO stage than to change the system, and it also means new investors, that don't know what went on at 28p become a target of hate because they bought on the cheap ?
anyway what's your position at RRR ? WHY ARE YOU HERE ? WHAT ARE YOU HOPING FOR ? AND CAN WE DROP THE SUBJECT IT'S A NEW DAY..
@21:33 Naked Shorting was mentioned as "legal" ie "Yes, it is totally legal". For CLARITY, because this is a public stock forum, for completeness, the para may apply: "The Short Selling Regulation REGULATES short selling of shares listed on UK mkts & includes PROVISIONS on DISCLOSURE to the FCA & the public, a ban on short selling and EMERGENCY powers for the FCA." Dated 9 Dec 2022. [Ref & Source: "Short Selling Regulation.Gov.UK]. The CEO of RRR tweeted about this subject matter and RRR.
"SMALL TRADES": ANY TRADE that is NOT the average volume per the stats is NOT "small trades" as the resident states?
It is relevant because the thesis of the next P. debunks the theory as to why trades, even if rollovers are being done? RRR has a mkt cap of some £1.9m and therefore £60k roughly would equate to 3% if 1 person is rolling or buying etc -so relevant to holders to see large trades as norm on ANY stock forum.
T-20 : UK brokers have informed a long time ago that from T20, it was moving to T4 and then finally to T3 and so forth. I cited T3-2-1 yesterday. From the practicality of these short T3-2-1, one finds that in fact, there is very little time. So, hence many of the online accounts will NOT execute without CASH in the a/c, like mine.
Thank you Helpful for mentioning that the mill and pulley system is the same as KAV's system. The mining engineer must be out in Zim mining gold as well?
Just sayin. News, Thur, 16.5.24
Https://twitter.com/marketplunger1/status/1790719621588193603?t=fnqCupAvpmoC4ClrDkkTtA&s=19
Amusing. Remind you of anyone?
DYOR
RNS dated 11th April with new shares issued at 0.051p ?
or Companies House submission on 8th May which shows the issue as GB£ - 0.051 ?
Answer is RNS
I have long said RRR governance was poor. No harm done but Company Secretary and Kaintz should not have let this one through.
Expect a correction soon
https://find-and-update.company-information.service.gov.uk/company/05225394/filing-history
https://www.lse.co.uk/rns/RRR/issue-of-equity-7fszix98ck1m031.html
Similar to what Kavango was using.
All this nonsense about those small trades was seriously boring.
Bottom line is RRR needs company specific news ( not nonsense about gold price / commodities and neighbours ) SOON.
Faso production in June, asset sale as promised (£1.5m)., finding 200 tonnes of Lithium or progress on imminent DRC.
Only theses will move the SP and like it or not RRR does not do good and price moving RNSs.
Fingers crossed for this week and next
Https://twitter.com/TaviCosta/status/1790849424857477452?t=xyq6IkrV0jQfpRcWZDhomA&s=19
DYOR
At $2,300 gold and $29 silver the dumps have a contained value of $196 million (80% gold and 20% silver value)
Even with a 70% gold recovery and 50% silver it would be recoverable value of $129 million
This seem ripe for a deal to place into production.
RRR needs to get the license renewed and cut a deal with someone. Maybe the group they are working with in Burkina Faso
Https://twitter.com/NeilRingdah/status/1790844795872547165 15.5.24 Mining Engineer in Zim using some old machinery and so simple to mine GOLD. For ya, Helpful - RRR' will be more sophisticated machin.
Maid,,
Yes it's totally legal, it's called extended settlement.
They won't ban shorting because thet run IPO's through "forward selling", which is naked shorting to you and me.
I don't agree with it, but wothout it small companies would struggle to run placings.
Since silver is doing well...
https://www.proactiveinvestors.co.uk/companies/news/28730/red-rock-resources-increases-confidence-in-macalder-tailings-resource-with-upgrade-to-measured-category-34354.html
DYOR
Maidit, you are probably one of the most deluded fools I have ever come across on these boards.
I have been meaning to ask but hesitated. Why? Oppies. I will fetch the tweet. But to do oppies in the UK, I found out last night, only two firms will do it ie Interactive. I enquired before and they want a big 6 figure sum as opening deposit. So, yah spreads ---hah. Thanks.
https://twitter.com/unusual_whales/status/1790435663873208408
The particular broker that would do T20 wouldn't require funds from me but we have done deals together before and they know who I am. The CEO is a mate. Don't know how they would treat other people.
Link: "What do T1, T2 & T3 mean."-Investopedia, 22.4.24.
https://www.investopedia.com/ask/answers/what-do-t1-t2-t3-mean/
Told ya, T20 went out with the dinosaurs. I recall the broker informing the T's were shorting.
I think China / Russia and other country have hoard so much gold to prop up there currency because of sanction in the past year, the Market think the metal is going to become rare in the not too distant, and at these levels it will have it's own momentum I suppose, undeterred by market forces trouble and strife like BTC, where it will go in 1 year time nobody knows'' higher highs higher lows, so on and so forth..
come on you REDS''''''''
News, if I wanted a big position and was short of readies, I would get Spreadex to write me a big spreadsheet sell and pay the margin plus charges.
I very nearly did a very large spreadsheet sell on Prem about 8 months back: the cash to pay for it didn't come through and I couldn't bring myself to do it. I would have been a few hundred thousand up on it. Way it goes...
DYOR
For retail, T20 went out a long time ago. I recall it went to T4 or 5 and then they phased it out. What is there to STOP anyone buying a BIG FT STOCK into £500k without funds? Even in the old days, they DONT allow ROLLING one T20 into another. For the brokers, that is why ALL T20 has been stopped and only T3 maybe but even then, they want to see funds. I dont know these days because I am NOT a new client and mine are all on MONEY that is sitting there which allows buying ie NO credit or T anything. Thanks everyone.
I have a number of accounts only one was willing to do T20, the others not and only on the buy side. You could sell T10/T20 with the same broker but only if you had warrants/CLNs to cover the sell. Uncovered selling was not permitted.
Currently, they don't do T20 buys but supposedly that will change at the end of the month.
Whether T20 is available for retail I don't know; I am not classified as retail.
DYOR
OK AIM'' and although your take sound plausible''..simply someone opting to continue a trade without putting in the funds to pay for it. ? that is also known by the underground, as a spoof trader'' a dirty penniless scumbag and a hateful disruptor that will be laughing there A--SS off right now and saying how clever they was'' but the 15 new FSA rules coming in shortly'' will soon sort it out, NO SHORTING NO SPOOFING, brokers should be held to account for letting it happen, and there licences withdrawn as they should not have process those trade and add it to the books, the Market should have never seen those trades on the register, brokers would have known within seconds that the Joker have not got enough money to pay ? but put it on the books anyway to justify the drop back I suppose ?
anyway'' these kind of old manipulation practices in a digital age has got to stop'' if Market integrity is to be maintained for the next generation..
Helpful. A general question given this has was the conversation. Will big brokers give T20 terms for large trades without checking on the status of the buyer ie whether they have the MEANS to pay? As far as I am aware, NO. In the old days, there was an article wherein a school boy rang the brokers from a call box and didnt have a dime to pay. So, if everyone take T20 and when time to pay, cant , it is bust for the broker. Why? What is there to stop folks BUYING T20 in BIG TRADES and not 1 dime in the account to show means? Thanks.